CHAPTER 1 The Accountant’s Role in the Organization If you have not already read the Introduction page‚ do so now. It describes the purposes and contents of the Student Guide and recommends a six-step approach for using the Student Guide with the textbook. Overview Welcome to the study of cost accounting. This introductory chapter explains the intertwining roles of managers and management accountants in choosing an organization’s strategy‚ and in planning and controlling its operations
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the highly paid consultants of Monitor use Porter’s famous five-force analysis to save themselves? What went wrong? Was Monitor’s demise something that happened unexpectedly like a bolt from the blue? Well‚ not exactly. The death spiral has been going on for some time. In 2008‚ Monitor’s consulting work slowed dramatically during the financial crisis. In 2009‚ the firm’s partners had to advance $4.5 million to the company and pass on $20 million in bonuses. Then Monitor borrowed a further
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“Where are you Going‚ Where Have You Been?” by Oates and “Castle Nowhere” by Woolson offer a strong basis for comparison and contrast in terms of canonical and non-canonical texts through characterization‚ genre/tone‚ setting‚ themes‚ and symbolism. While many of the obvious differences reside in concrete categories like setting‚ genre/tone‚ and characterization‚ there are alluring similarities in theme and symbolism that can allow the reader to conclude the canonization of “Where are you Going‚ Where
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Exercise 10.1 Recompute fixed costs‚ variable costs‚ and the BEP. What are the variable costs? What are the fixed costs? How many meals will the WHDM program need to provide during the fiscal year to reach the BEP? How much profit will the program earn if it completes its 45‚000-meal contract with the City of Westchester? The variable cost of service is $3.93 during the fiscal year the WHDM should provide 1‚011 meals to reach their BEP of $3‚665.76. The total profit the program will earn
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Cost Control: Definitions and Methods Alejandro Madotta Accounting Supervisor II at Apache Corporation The cost of making a particular product or delivering a particular service is calculated by the finance and accounting department‚ with the help of a technique that is termed as Cost Accounting. The principle of cost accounting is very simple. The total cost of manufacturing a set or lot of goods or services is added up together and divided by the number of unites that have been produced‚
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“You can’t change who you are. No matter how you struggle‚ some things will never change. And maybe they shouldn’t” (Thurman‚ Rob). “Identity is a powerful organizing presence in social life today” putting people into sections concerning likes and dislikes‚ culture and customs‚ separates them via social‚ economic and religious differences‚ identity makes a person‚ a person (Leve‚ Lauren). The character regarding one’s self is shaped by identity‚ how they view themselves‚ and largely how society
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two-variable diagram: Enrollment Data: Nowhere U Academic Year 2000-01 2001-02 2002-03 2003-04 2004-05 Total Enrollment 3000 3100 3200 3300 3400 Enrollment in Economics Courses 300 325 350 375 400 Measure the slope of the resulting line‚ give an algebraic representation of the line‚ and explain what the slope means. Answer: Find the slope of the line (call it m). Let Y = enrollment in econ courses; Let X = total enrollments. The slope is the rise over run‚ or‚ in this case‚ 1/4. Find the equation of the
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Weinberger’s article makes many interesting points about the character of Arnold Friend in “Where Are You Going‚ Where Have You Been”- the main idea being that Arnold represents Connie’s “other self”. According to the article‚ this can be observed in how Connie and Arnold are opposites in both appearance and behavior‚ and Arnold’s purpose is to induct Connie into adulthood. I disagree with the idea that Arnold is Connie. While the article gathered a lot of good evidence to support this claim‚ I
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manufacturer produces 1‚000 basketballs each day‚ which it sells to customers for $30 each. All costs associated with production and sales total $10‚000; however‚ if the manufacturer were to produce one additional basketball per day‚ total costs would increase to $10‚100. From these amounts‚ we can tell that a. the firm has negative profit. b. marginal cost equals $100. c. marginal cost equals $150. d. marginal cost equals marginal revenue. 2. A retailer has to pay $9 per hour to hire 13 workers
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IFRS News Emerging issues and practical guidance* Supplement – September 2008 IAS 23R – Q&As‚ part 2 This is the second in a series of two supplements providing Q&As on IAS 23R. Olivier Scherer‚ partner in Global ACS‚ looks at some of the issues arising from the application of the revised standard that PwC’s Global Accounting Consulting Services has addressed. IFRS 23R is effective for annual periods beginning on or after 1 January 2009 (in the EU‚ subject to EU endorsement). Earlier application
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